Jefferies Financial Group Reaffirms Hold Rating for Workspace Group (LON:WKP)

Workspace Group (LON:WKP)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 367 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 4.38% from the stock’s previous close.

Several other brokerages have also recently weighed in on WKP. Peel Hunt restated a “hold” rating and set a GBX 350 price objective on shares of Workspace Group in a research note on Friday, July 24th. Berenberg Bank lifted their target price on shares of Workspace Group from GBX 401 to GBX 427 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Workspace Group has a consensus rating of “Moderate Buy” and an average target price of GBX 407.50.

Workspace Group Stock Performance

Shares of WKP opened at GBX 351.60 on Thursday. The company has a debt-to-equity ratio of 59.71, a quick ratio of 0.11 and a current ratio of 0.42. The stock has a 50 day moving average price of GBX 361.52 and a two-hundred day moving average price of GBX 350.61. The firm has a market capitalization of £677.35 million, a P/E ratio of -5.62, a P/E/G ratio of 1.54 and a beta of 1.09. Workspace Group has a 52 week low of GBX 312 and a 52 week high of GBX 434.38.

Workspace Group Company Profile

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.